August
08, 2014
PR No. 087/2014
Order in the matter of M/s. HNC Infrastructure & Shares India Limited and its directors
Mr. S. Raman, Whole Time Member, SEBI has passed an interim order on August 5, 2014 in the matter of M/s HNC
Infrastructure & Shares India Limited inter-alia directing the company and its directors viz. Mr. Santosh Kumar
Saket, Mr. Ramnaresh Saket, Mr. Ramadhar Choudhary and Mr. Satish Kumar Arya
| a. |
not to collect any fresh money from investors by its existing scheme; |
| b. |
not to launch any new scheme/plan or float any new companies to raise fresh moneys; |
| c. |
not to dispose of any of the properties or alienate the assets of the existing scheme; |
| d. |
not to divert any funds raised from public at large, kept in bank account(s) and/or in the custody of the HNC; |
| e. |
to immediately submit the full inventory of the assets owned by HNC out of the amounts collected from the
"Customers"/investors under its existing schemes; |
| f. |
to furnish all the information sought by SEBI vide letter dated December 3,2013, including, sample copies of
documents/agreements/contracts executed with the "customers"/investors for the purpose of the scheme. |
The company had launched Collective Investment Schemes without obtaining certificate of registration from SEBI.
Mumbai
August 08, 2014
|
For full copy of order against HNC INFRASTRUCTURES & SHARES INDIA LTD., click here.
For full copy of order against RAMADHAR CHOUDHARY, click here.
For full copy of order against RAMNARESH SAKET, click here.
For full copy of order against SANTOSH KUMAR SAKET, click here.
For full copy of order against SATISH KUMAR ARYA, click here.
|